Many restoration business or franchise owners feel like there is never enough time to go around. Far too often, they are too overwhelmed with managing day-to-day oversight tasks to dedicate any time to investing in their business. When restorers turn to One Claim Solution to handle insurance negotiations and billing, they free up a lot of time that they can then turn around and use to grow their business and achieve operational excellence. Keep reading to learn how.
It’s difficult to manage the other aspects of your restoration business when so much of your time is devoted to preparing claims, playing phone tag with adjusters, and negotiating over invoices. “One main thing that we hear [from our contractors] is just how great it is to have this job off of their plate,” COO Cam Smith says. When you partner with OCS, you don’t have to worry that you won’t be there to pick up when an adjuster finally calls to discuss your invoice. We have claims advocates devoted to answering the phone and negotiating on your behalf to get you the best payment possible. Our industry experience and specialization in dealing with different insurance carriers give you a leg up.
Recruiting, hiring, and training new staff takes up a lot of time for restoration business owners. When restorers outsource accounts receivable duties to a third party like OCS, they no longer have to worry about hiring and training people to do those jobs internally. This frees up a lot of time and money to use to optimize your business operations.
When restorers turn over some of their responsibilities to OCS, they have more time to devote to the needs of their employees, customers, and business. Each restoration business has its own strengths and weaknesses, but here are some suggestions from Cam about ways you could use the extra time OCS gives you to improve your business’s operations:
The first step to having a successful restoration business is getting customers. Dedicating some time and money to marketing makes a big difference in your success. Explore ways to increase your number of leads, lower your cost per lead, and improve your lead conversion rate.
At the end of the day, if you’re not doing good work for your customers, your restoration business is going to struggle. “The more focused [contractors] are on their core, the more they can achieve excellence,” Cam explains. Take time to assess the work you’re doing for customers, identify any weaknesses, and develop a plan for improvement. This plan could take the form of new training, project management changes, new communication processes, or more.
With more time on their hands, restorers can improve internal training and development systems. Investing time in your employees allows you to improve the quality of your services and increase customer satisfaction.
One thing OCS hears a lot from restoration business and franchise owners is how so much of their time is devoted to administrative work that they rarely get to do fieldwork. For owners who like to be more hands-on, turning over aspects of those administrative tasks to OCS frees up time for them to spend in the field doing restoration work and project management.
With more time, contractors are free to explore growth opportunities like expanding their service area or adding new services. If you’re a mitigation-only restoration contractor, consider adding reconstruction to your offerings. Based on the findings of the 2023 State of the Industry Report, offering reconstruction services can be key to unlocking higher business earnings.
If you’re a restoration contractor who feels like devoting so much time to managing your accounts receivable is holding your business back, request a free consultation with One Claim to see if our services would be a good fit for your business.